Lithuania started dismantling the supports of the first of six power lines linking it to Russia’s Kaliningrad exclave after the Baltic States synchronised their grids with the continental European system in early February. On February 24, workers began removing the supports of the Kruonis Pumped Storage Plant (PSP)-Sovetsk power line. The dismantling of the first…
Bulgaria has officially met the inflation criterion required for eurozone accession, aligning precisely with the set threshold. The latest data from Eurostat, which provides the final and official figures, confirms this achievement. The country’s average annual inflation over the last 12 months stands at 2.6%. According to Eurostat’s methodology, the reference value is determined by…
Since the beginning of 2025, businesses have received 2,794 soft loans under the Affordable Loans at 5-7-9% programme totalling UAH 9.4 billion. Since the launch of the programme in February 2020, businesses have taken out 106,500 loans totalling UAH 369.4 billion. Last week, Ukrainian entrepreneurs received 241 soft loans worth UAH 1.3 billion. “Ukrainian businesses…
Today, the situation in the energy sector remains under control, despite russia’s terror against the energy and gas infrastructure. This was announced by Prime Minister Denys Shmyhal at a meeting of the Cabinet on February 21. The Head of the Government stressed that russia was deliberately targeting gas production facilities, seeking to destroy the gas…
Bulgaria’s economy demonstrated stronger-than-expected growth in the final quarter of 2024, according to an analysis by United Bulgarian Bank (UBB) based on data from the National Statistical Institute (NSI). The country’s GDP expanded by 3.1% in real terms year-on-year in the fourth quarter of 2024, contributing to an overall growth rate of 2.4% for 2024,…
Lithuania’s financial technology company Paysera said on February 22 that it had fully restored its services after a cyber-attack on February 21. “The company apologises to its customers and e-commerce shoppers who experienced inconveniences. The DDoS attack hindered service accessibility and slowed system performance, but it did not compromise customer data or funds,” it said…
Bulgarian National Bank (BNB) Governor Dimitar Radev expressed support for the National Assembly’s decision regarding the request for an extraordinary convergence report on Bulgaria’s admission to the eurozone. Radev confirmed that the request would be signed “without a doubt”. He also commented on the recent controversy surrounding claims by the “Revival” party about a secret…